Brighton publish 21/22 accounts
🔑 Figures
Revenue ⬆️ £29m to record £174m
Day to day losses £32m but White & Burn sales convert this to £24m profit
Wages 2nd lowest in PL but finished 9th
Net transfer spend £1m
Tony Bloom total investment £499m
Potter compensation £21.5m #BHAFC
Over £500m short term creditors but majority due to Tony Bloom who shows no sign of wanting repayment.
£18m cash in the bank
Brighton generated £9m cash from day to day operations.
Player sales significant but only £25m cash received as deals on instalments
Bloom lent club £70m which allowed it to repay bank loan
Revenue up over £28m due to
Fans returning from lockdown (£20m)
Higher 📺 money linked to finishing 9th (2021 figs artificially high as 44 PL matches in year to 30/6/21)
Commercial income almost doubled following lockdown end
Mwepu retirement resulted in £8m write down
Wages up 6% partly due to matches in front of fans
Paul Barber pay up £800k to £2.9m
Player trading
Purchases £69m
Sales £68m
Player sales on credit and instalments due from other clubs up from £3m to £49m
Brighton owe other clubs £39m in outstanding transfers
Brighton may have to pay a further £34m in add-ons and bonuses if certain achievements are met.
Tony Bloom is owed £406m and has over £90m of shares
Brighton paid £3m for consultation services of Star Lizard, the company that does the clever stuff analysing players and the game.
Since 30 June 2022 the net spend is MINUS £89m, in addition Chelsea paid £21.5m compensation for Graham Potter & other staff.
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Bristol City publish 23/24 accounts: 🔑figs:
⚽️Revenue £42.4m ⬆️16% despite only covering 12 months instead of 13 in 22/23
⚽️Wages £34.9m ⬇️3%
⚽️Underlying losses £22.5m ⬇️20%
⚽️Player sale profits £21.7m ⬆️128%
⚽️Player purchases £3.7m
⚽️Player sales £21.7m
⚽️Total losses over the years £224m
⚽️Total Steve Lansdown investment £282.4m
Development at Ashton Gate has been a big driver of ⬆️revenue at Bristol City, with commercial income now 60% of total. This means that City generate more revenue than any other non-parachute payment club. (Most figures are for 2023, except for the clubs that have not published 2024 such as #BCFC, and Reading, who have a rogue owner who thinks the law does not apply to him).
Main costs for clubs are player related. Staff numbers slightly ⬆️but wage bill ⬇️ due to only 12 months period. Average weekly wage of £16K very competitive for a non-parachute team but wages continue to fall as a proportion of income. Other player related cost is amortisation (player transfers spread over contract life) and this is mid table by divisional standards.
Hull City publish 23/24 accounts: 🔑figures
⚽️Revenue £21.2m ⬆️17%
⚽️ Wages £29.6m ⬆️25%
⚽️Average weekly wage £13,700
⚽️Underlying losses £26.4m ⬆️28%
⚽️ Player sale profits £8.3m ⬇️45%
⚽️Player purchases £8.5m
⚽️Player sales £10.4m (plus £30m post season)
⚽️Loans from owner in year £27.9m
Revenue fairly evenly split, rise in year mainly due to better commercial sales and slight rises in matchday and new EFL TV deal. Only a handful of clubs have submitted 23/24 accounts, Reading's owner thinks the laws of the land do not apply to him so has not yet submitted 22/23
Main costs for clubs are player related. Substantial increase in wages and amortisation (player signings spread over contract length) as new owner invested heavily in playing talent resulting in Hull being at top end of non parachute payers.
A history of Premier League transfer spending. First season (1992/93) total spend was £65m and QPR spent just £197k. Newly promoted Blackburn were the biggest spenders due to Jack Walker's investment in the likes of Alan Shearer, Stuart Ripley, Kevin Gallagher & Graham Le Saux.
1993/94 spending up to £78m. Blackburn continue to be the biggest spenders, Champions Manchester United were outspent by...err...Swindon.
First £100m spend season, Everton became the first team to eight figures spent in a season with Ferguson, Samways, Amokachi and Barrett all joining the club on big deals. QPR again smallest spenders. Man City and Chelsea outspent by Wimbledon.
Chelsea FC Holdings submit 22/23 accounts. 🔑 figs
⚽️Revenue £512m ⬆️ 6%
⚽️Wages £404m ⬆️ 18%
⚽️Player costs (wages & amortisation) £119 for every £100 of revenue
⚽️Day to day losses £249m
⚽️Player purchases £745m
⚽️Player sales £203m
⚽️Borrowings in year £428m
Losses ⬆️ from £242m to £249m for day to day running of club but sale of hotel to another part of group, £30m of financial settlements & player sales ⬇️ this to £90m
Chelsea have cash in bank, total losses adding all the years together now £1.135 billion
Whilst #Rovers 🔑 revenue streams, matchday, broadcast & commercial all ⬆️ significantly. However general overheads ⬆️ too which meant no change to op losses. Sale of Armstrong in 21/22 halved losses
Both accounts & audit report reference that there is a material uncertainty over ability of club to trade as a going concern. Should no noted that audit report dated December 2023 & things may have improved since then
Burnley publish 22/23 accounts; 🔑 figs
Revenue £65m ⬇️ 47%
Wages £54m ⬇️ 42%
Loss pre player sales £41m
Player purchases £84m
Player sales £21m
Borrowings £101m
Big change in pre tax profit of £36m in 21/22 to a loss of £36m in 22/23. Mainly due to ⬇️ in revenue following relegation and player sale profits ⬇️ from £54m to £11m.
Burnley still have substantial cash but this due to the Club borrowing substantial amounts during the year as liabilities ⬆️. Burnley still profitable over the years.